Backblaze just smashed expectations with a record-breaking Q2, fueled by explosive AI-driven growth. Revenue jumped 18% to $42.7M, led by a 34% surge in B2 Cloud Storage—perfect for data-hungry AI workloads. The company’s customer base is exploding, with 57% more high-value clients (spending $50K+ annually) and a stellar 113% net revenue retention. EBITDA nearly doubled to $12.8M, and EPS hit 8 cents—four times Wall Street’s forecast. Backblaze’s confidence is sky-high: they’ve raised their full-year revenue target to $173M and locked in a $335M five-year deal with CoreWeave, cementing their role as the AI cloud storage powerhouse.
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